The difference between the simple interest received from two different banks on 500 for 2 years is 2.50. The difference between their (per annum) rate of interest is :

The difference between the simple interest received from two different

1.	The difference between the simple interest received from two different banks on 500 for 2 years is 2.50. The difference between their (per annum) rate of interest is :
A.	0.10%
B.	0.25%
C.	0.50%
D.	1.00%
Answer» C. 0.50%

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The difference between the simple interest received from two different banks on 500 for 2 years is 2.50. The difference between their (per annum) rate of interest is :

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